(MENAFN) According to South Korea's Finance Ministry, the government seeks expanding its spending for 2015 by 5.7 percent from this year, giving the economy a jumpstart, QNA reported.
The government will ask the National Assembly to approve USD361 billion in spending for 2015, larger than USD343.34 billion assigned for this year, according to the ministry.
The spending increase is higher than the 4 percent rise in the 2014 budget. It would also mark the largest on-year spending hike since 2009 when it grew 10.6 percent from a year earlier.
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